UPDATE #5: I’m Bout To Pull The Greatest Trading Comeback OF ALL TIME $19 to $1 million

TLDR: I blew 3 accounts straight (2 options trading accounts and 1 prop firm account) but I am starting to look for live trades again on Monday. I’m better than Roaring Kitty, Warren Buffett, and Michael Burry combined. I’m posting this so I can read it in my golden Lambo and multi-million dollar residence once I get them.

It’s been over 200 days since I posted the previous part of this. Long story short, I blew the Robinhood account that I traded options on. I don’t know for sure why, but I think it was because I had little to no risk management and would often full port into 0DTE options trades. Following that I locked in and watched the full TJR trading bootcamp for trading futures then registered for a 100K funded Alpha Futures prop firm account. I traded on the prop-firm using the info gained from TJRs trading bootcamp for some time and got some wins and some losses, but ended up not really getting any account growth or consistent wins with that strategy, so I decided to search for other strategies before I blew the prop-firm account. I ended up finding a trading strategy from a YouTuber by the name of Trades By Sci focused on trading on the 1h and 15m/5m timeframes.

I used this strategy and eventually passed the evaluation phase of the prop-firm using that strategy. However, during the live phase of me trading on the prop-firm, I was no longer having success with the 1h and 15m/5m timeframes so I decided to once again switch my strategy before I blew the prop-firm account. I saw that Trades By Sci was now commonly trading on the 4h and 1h so I decided to do the same. I started following an updated strategy that Trades By Sci posted on his YouTube channel. However, despite this strategy switch I ended up blowing the prop-firm account anyway. I’m not entirely sure why I blew the prop-firm account, however looking back at it, I’m thinking it may be because trading on the 4h/1h on a prop-firm account that didn’t allow for trades to be held overnight may have caused me to exit positions early at a loss when, if held they would have resulted in profitable trades. 

At this point, I had no more money to put into trading. I couldn’t afford another prop-firm account and I didn’t trade options at that point.

I locked in on watching trading videos, mainly from Trades By Sci on YouTube since I saw the results that he was (and still is) getting from trading. I then did something which I had never (to my knowledge did before). I looked at the charts without taking any trades and also I demo traded and backtested. I came up with a strategy inspired by Trades By Sci’s trading strategy but made for options trading.

And that leads to where I am today. I have $19 to trade with and a strategy for trading SPY options on the 5m timeframe with a current demo trading record of 4-1 (4 wins and 1 loss) as well as many successful backtests using this strategy. I will begin looking for live trades this Monday.

Current risk management plan: 

Less than $40 options account value: 100% account risk per trade.

$40 to $99.99 options account value: 50% account risk per trade.

Over $100 options account value: 10% account risk per trade.

Over $1,000 options account value: Switch to trading XAUUSD on 4h timeframe with 10% account risk per trade.

I’m posting this so I can read it in my golden Lambo and multi-million dollar residence once I get them.

I’m better than Roaring Kitty, Warren Buffett, and Michael Burry combined